1,930 Shares in CrowdStrike $CRWD Acquired by Twin Focus Capital Partners LLC

Key Points

• Twin Focus Capital Partners LLC has invested $680,000 in CrowdStrike by purchasing 1,930 shares, marking a new position for the firm in the cybersecurity company.
• Prominent institutional investors, including Vanguard Group and Nuveen LLC, have significantly increased their stakes in CrowdStrike, with 71.16% of the company’s stock now owned by institutional investors.
• Recent insider trading activity showed that CrowdStrike's President sold 25,000 shares for about $11.9 million, representing a 5.59% decrease in their ownership position.

Twin Focus Capital Partners LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,930 shares of the company's stock, valued at approximately $680,000.

A number of other large investors also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its stake in CrowdStrike by 12.3% in the first quarter. Nations Financial Group Inc. IA ADV now owns 3,699 shares of the company's stock valued at $1,304,000 after purchasing an additional 406 shares in the last quarter. Thompson Davis & CO. Inc. increased its position in shares of CrowdStrike by 14.5% during the first quarter. Thompson Davis & CO. Inc. now owns 1,300 shares of the company's stock worth $458,000 after acquiring an additional 165 shares in the last quarter. Ethic Inc. lifted its position in CrowdStrike by 6.0% in the 1st quarter. Ethic Inc. now owns 21,073 shares of the company's stock valued at $7,636,000 after acquiring an additional 1,192 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in CrowdStrike by 4.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 17,364 shares of the company's stock worth $6,122,000 after purchasing an additional 679 shares during the period. Finally, Aberdeen Group plc boosted its stake in CrowdStrike by 114.6% in the 1st quarter. Aberdeen Group plc now owns 140,223 shares of the company's stock worth $48,684,000 after purchasing an additional 74,882 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRWD shares. Cantor Fitzgerald upped their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Oppenheimer upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Barclays set a $500.00 target price on shares of CrowdStrike in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares of the company's stock, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $3.04 during trading on Friday, reaching $427.90. The company's stock had a trading volume of 2,262,855 shares, compared to its average volume of 2,703,951. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98. The firm has a 50 day moving average price of $472.79 and a 200 day moving average price of $427.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.